CUSTOMS Notification No 47 of 2018 dated 14th June, 2018

seeks to further amend notification No. 50/2017- Customs dated 30.06.2017 so as to increase basic customs duty (BCD) to 35% on crude edible vegetable oils and to 45% on refined edible vegetable oils.

The extract of CUSTOMS Notification No. 47/2018- CUSTOMS is given below:

Notification No. 47/2018-CUSTOMS

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

GOVERNMENT OF INDIA

MINISTRY OF FINANCE

(Department of Revenue)

Notification No. 47 /2018-Customs

New Delhi, the 14th June, 2018.

G.S.R.

(E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs

Act, 1962 (52 of 1962) and sub-section (12) of section 3 of the Customs Tariff Act, 1975 (51 of 1975), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India, Ministry of Finance (Department of Revenue), No. 50/2017-Customs, dated the 30th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide, number G.S.R. 785(E), dated the 30th June, 2017, namely:-

In the said notification, in the Table,-

(1)

against S.No. 61, for the entry in column (4), the entry “35%”shall be substituted;

(2)

against S.No. 62, for the entry in column (4), the entry “45%”shall be substituted;

(3)

against S.No. 63, for the entry in column (4), the entry “35%” shall be substituted;

(4)

for S.No. 64 and the entries relating thereto, the following shall be substituted, namely:-

(1)

(2)

(3)

(4)

(5)

(6)

“64.

1508, 1510, 1512 (other than

All goods, refined and edible

45%

-

-

1512 19 10), 1513, or 1515

grade

64A.

1509

All goods, refined and edible

40%

-

-”;

grade

(5)

against S.No. 70, for the entry in column (4), the entry “35%” shall be substituted;

(6)

against S.No. 71, for the entry in column (4), the entry “45%” shall be substituted;

(7)

against S.No. 73, for the entry in column (4), the entry “35%” shall be substituted;

(8)

against S.No. 74, for the entry in column (4), the entry “45%” shall be substituted;

(9)

against S.No. 77, for the entry in column (4), the entry “45%” shall be substituted;

(10)

against S.No. 79, for the entry in column (4), the entry “45%” shall be substituted.